Saturday June 11 2016
Milan sale talks progress

As Silvio Berlusconi awaits heart surgery, intermediary Sal Galatioto flies in for talks with Fininvest over the Milan sale.

The President has been in a clinic for several days after cardiac problems and will have an aortic valve replaced on Tuesday.

Because of this, the deadline to complete Milan’s sale to Chinese investors has been put back from June 15 to 30.

Multiple reports now claim intermediary Galatioto, who was given the task by Milan of finding a buyer, will fly in on Monday for a meeting with Berlusconi’s holding company Fininvest.

He will be accompanied by another advisor, Nicholas Gancikoff.

However, there could be another twist in the tale for Milan and their future.

Berlusconi’s Forza Italia party lost the local elections last week and the health scare too could prompt him to leave the political arena.

If he does quit politics, then he’ll likely want to spend more time on Milan and will therefore be less inclined to sell.

Although he turns 80 later this year, Berlusconi has no intention of retiring from public life altogether.

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